The World in Brief from The Economist

Meta agreed to pay as much as $16.7bn to settle a blockbuster lawsuit brought by a group of 29 American states; At least 150 people died and hundreds more were missing after floods devastated communities along Nepal’s border with Tibet.

Canada announced retaliatory tariffs on $20bn-worth of American goods from September 8th, matching those imposed by America. Also, Brent crude fell to $86 a barrel on reports that Iran and Oman were again discussing “a joint temporary navigational corridor” through the Strait of Hormuz.

Canada announced retaliatory tariffs on $20bn-worth of American goods, from September 8th, matching levies imposed by America after trade talks collapsed.

Canada announced retaliatory tariffs on $20bn-worth of American goods, from September 8th, matching levies imposed by America after trade talks collapsed; Iran vowed to retaliate against America’s expanded sanctions regime, having warned that “not a single drop of oil” would leave the Gulf if the pressure continued.

Iran vowed to retaliate against America’s expanded sanctions regime, having earlier warned that “not a single drop of oil” would leave the Gulf if the pressure continued. Also, officials from Pakistan said “significant progress” was made to end the war in Iran, as they concluded a visit to Tehran.

Scott Bessent, America’s treasury secretary, threatened to expand secondary sanctions against Iran’s trading partners, targeting sectors such as digital assets, technology, gold, aviation and shipping.

Scott Bessent, America’s treasury secretary, threatened to expand secondary sanctions against Iran’s trading partners, targeting sectors such as digital assets, technology, gold, aviation and shipping; Mr Trump said America will raise tariffs on Canadian cars, automotive parts and steel to 50%, beginning on January 1st, further escalating a dispute after trade negotiations collapsed last week

Scott Bessent is expected to unveil new sanctions against Iran on Monday. Also, Volodymyr Zelensky said that holding wartime elections would “destroy” his country by sowing division.

Pakistan’s army chief, Asim Munir, will visit Tehran on Monday as his country continues to try to mediate an end to the war in Iran.